Gloucester-based parcel delivery firm Lima Logistics collapsed into administration as a direct result of the Covid-19 pandemic, its administrators have said. In a report to creditors, Nicholas Simmonds and Chris Newell at Quantuma Advisory said the coronavirus and the subsequent lockdown earlier this year had consequences on the company that lasted much longer than anticipated. It was incorporated in 2015 and had grown into a £300,000 turnover business before moving into premises in Churcham and then joining Pall-Ex in February […]
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]
Pall-Ex Group has strengthened its board with the appointment of a new UK finance director.
Struggling M and J Haulage threw in the towel after learning client British Sugar was to reduce its work, report reveals
Major sugar beet haulier M and J Haulage collapsed into administration due to a heavy reliance on finance to fund investments, low margins and the prospect of less work from British Sugar, according to KPMG.